Okx Dex Falls Victim to $2.7M Cyber Heist, Arkham Confirms

Numerous reports uncover that a information breach astatine Okx’s decentralized speech (dex) level resulted successful fiscal damages estimated astatine $2.7 million, arsenic confirmed by the onchain quality steadfast Arkham.

Crypto Platform Okx Dex Hit by $2.7 Million Hack, Bounty Offered for Hacker’s Capture

The breach of the Okx Dex level occurred connected December 13, with $2.7 cardinal being extracted from its decentralized concern (defi) protocol. This incidental was brought to airy by assorted onchain investigation experts. Arkham has since announced the constitution of a bounty to way down the liable party.

Arkham communicated via the societal media transmission X (formerly Twitter). “We’ve created and funded a bounty to assistance place the idiosyncratic oregon enactment down the caller Okx Dex exploit,” Arkham wrote. “Okx Dex was exploited by a hacker who upgraded a deprecated declaration with token approvals, resulting successful losses of implicit $2.7M connected Dec 13, 2023. The hacker is tied to a fig of hacks, including Lunafi, Uno Re, RVLT, and more.”

The Okx Dex and Web3 Wallet X relationship besides acknowledged the breach. They announced, “We regret to pass you that a deprecated astute declaration connected Okx Dex has been compromised. We person taken contiguous enactment to unafraid each idiosyncratic funds and revoke the declaration permissions. We are moving with applicable agencies to find the stolen funds and volition reimburse affected users with $370k. A thorough reappraisal is underway to forestall akin incidents. Our apologies for immoderate inconvenience caused.”

“My wealth mislaid $750 connected your web,” 1 affected idiosyncratic replied to the account.

This hacking incidental astatine Okx Dex follows a bid of defi hacks and centralized speech breaches. Recently, platforms similar HTX and Poloniex person besides suffered fiscal losses owed to cyber-attacks. The months of September and November particularly witnessed a surge successful attacks connected cryptocurrency platforms, starring to monthly losses of hundreds of millions.

What bash you deliberation astir the Okx Dex hack? Share your thoughts and opinions astir this taxable successful the comments conception below.